When does the 10-day Free Look period begin for insurance policies?

The 10-day Free Look period for insurance policies begins on the date of policy delivery. This period allows policyholders to review their new insurance contract and determine if it meets their needs. If for any reason the policyholder is dissatisfied during this time, they have the option to return the policy for a full refund of premium paid.

This approach is designed to protect consumers by giving them an opportunity to fully assess the policy's coverage, terms, and conditions after receiving it. The other options, such as the date the policy is signed or the application date, are not relevant to the Free Look period since the consumer has not yet had the opportunity to officially review the full details of the policy until they receive it. The same applies to the date the first premium is paid; it does not mark the start of the review period, but rather when the coverage might start. Therefore, the date of policy delivery is the pivotal moment that triggers the Free Look period.